Twelve investors, including Aditya Birla ARC, Asset Reconstruction Company India (Arcil), ASREC, Invent ARC, Omkara ARC, Phoenix ARC, UV ARC, Alchemist ARC and Prudent ARC have shown preliminary interest to acquire bad loans of IDBI Bank amounting to Rs 8,842 crore., , asset reconstruction companies, idbi bank, loans, Net NPAs (non-performing assets)
Around twelve investors, including Asset Reconstruction Company India (Arcil), Aditya Birla ARC, Invent ARC, Omkara ARC, ASREC, UV ARC, Alchemist ARC, Phoenix ARC, and Prudent ARC, have shown preliminary interest in acquiring IDBI Bank s bad loans amounting to ₹8,842 crore. These distressed assets span 12 accounts, including VOVL, Jaiprakash Associates, and Wind World India.
Swadha Dev Singh has joined as Rayagada Collector and taken charge from outgoing Collector Saroj Mishra. During the regime of his predecessors like Pramod Kumar Behera and Saroj Mishra, managing Covid-19 in the district took precedence over implementation of Government development schemes.
As now